buy-back strategy , page-2

Up to 30 May CFE has purchased and cancelled 32,211,030 shares for an average price of 10.15 cents per share or $3,268,600.71 .

They still have 34,582,858 shares to buy in the buy back to reach the 10% mark.

As they have $27.3 Million in the bank I don't know why they don't spend another $2.7 million dollars and complete the buyback at the current SP of 7.9 cents.

Should they do that then the entire buyback of 10% would be at an average price of 8.98 cents a share.

Seems worthwhile to me as the price of Iron Ore is going down and Iron Ore companies are going to be in a hole for a while yet.

Whats the feeling out there from others?